A debt consolidation loan can be a great option if you're managing multiple debts. If you have bad credit, you can likely still qualify for a debt consolidation loan, but your options will be more limited.
Kate Smalley
Sep 22, 2020
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Learn More On The Well
Debt consolidation can help you lower your monthly payments and get out of debt sooner, but you should be aware of how it impacts your credit score. Applying for debt consolidation loans can cause a temporary dip in your credit score, but making on-time payments towards a debt consolidation loan can help you increase your credit score in the long-term. In summary, debt consolidation can help you build your long-term credit score when used properly.
Kate Smalley
Sep 22, 2020
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Paying off debt is never easy. Credit card debt, car loans, and student debt all add up and can be challenging to pay off – especially if you have a low income. If you’ve found yourself with debt on a low income, here’s a step-by-step guide to paying off that debt for good and improving your personal finances. In addition to the guide below, you’ll also find debt consolidation options for low-income earners.
Jordann Brown
Sep 22, 2020
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